Property profile

715 Dixie Dr Asheboro, NC 27203

OFF-MARKET
Turn key restaurants
Property ID
US53-5343951
3,656 SF 1.2 ac lot Built 1965
Individually Owned 18-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional property at 715 E Dixie Drive in Asheboro, NC presents a unique opportunity for a discerning restaurateur. Situated in the heart of Dixie Drive's bustling commercial corridor, this established restaurant site benefits from high visibility and significant foot traffic. The location is strategically positioned at the intersection of Dixie Drive and Shamrock Road, ensuring maximum exposure to potential customers. While most of the previous restaurant's equipment has been removed, the property retains over 20 booths and tables, providing a solid foundation for a new culinary venture. The building's size is not specified, but the existing seating capacity suggests a substantial space suitable for a variety of restaurant concepts. This turnkey opportunity allows a new operator to capitalize on an already established location with a proven track record, eliminating the need for extensive build-out and permitting processes. The property's location on a major thoroughfare offers unparalleled accessibility and visibility, making it an ideal choice for a restaurant seeking to establish a strong presence in the Asheboro market. The lot size is not specified. This is a rare chance to acquire a well-positioned restaurant space in a thriving commercial area. Serious inquiries only.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1965
Construction WOOD
Total area 3,656 SF
Lot 1.2 ac (52,272 SF)
Zoning code B2
APN 7760171208
UPID US53-5343951

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

715 Dixie Dr Asheboro, NC 27203-7038
Asheboro metro Census 30201 GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2007
2 recorded transactions
2007
$830,000
2007
$830,000

Zoning & alternative use

B2 · Asheboro, NC
Zoning description

The B2 General Commercial District is intended to serve the convenience goods, shoppers goods retail and service needs of the motoring public, both local and transient, This district should always be located with access…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 715 Dixie Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message